THE LACES ECOLOGICAL AND GENERAL TRU (A CHARITABLE INCORPORATED ORGANISATION) FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Cbaritsble 1￿corpOrated Organi￿tIon Number. CE010009 Charity No. 1182173 THE LACES ECOLOGICAL AND GENERAL TRUST FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 Contents PAg¢ Reference and administrativ¢ ikni Tntstees Annual Rep)rt 34 Statrment of Financial Activitie5 Balance Sheet Notes to the Financial Stat¢meDts THE LACES ECOLOGICAL AND GENERAL TRusr REFERE]YCE AND ADMINISTRATIVE DETAIIS YEAR ENDED5 APRIL2024 Reglstered orrite l The Sanctuary Westminster London SWIP3JT Chsrlty r¢gl$tr•llon numb¢r 1182173 Company reglstrntlon number CE010609 Sollcltors Lee Bolion Monier-williams l The San¢tu8ry We$¢minster London SWIP3JT THE TRUSTEES The trusie¢s who served the ¢h8rity during the period were as follows.. Mr Pe¢er Frederick Banon Beesley Mr Howgrd John tkllar Mr Barry Martin Ma¢kenzi¢ THE LACES ECOLOGICAL AND GENERAL TRUST TRUSTEES. ANNUAL REPORT YEAR ENDED 5 APRIL 2024 REPORTOF THE TRUSTEES FOR THE YEAR ENDIJYC 5 APRIL21J24 The trustees are plea5¢d to preseni Iheir anDual trustees. repon with the financial statements of the charity for the year ended 5 April 2024. The financial statements comply with the Charilies Act 2011, Accouniing and Reporting by Charities= Statement of Re¢ommended Practice applicable to charitie5 preparing their accounts in accordance with the Fhnaficial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 0￿ECTIVEs AND ACTIVITIES The objects of The Laces Ecological and General Tn￿1 are the adV￿¢ement of educalion ihroughoul the world and related projects. STRucfuRE, GOVERNANCE AND MANAGEMENT Noliire ofihe chority andiis governing d￿￿￿e￿I5 The Laces Ecological and General Trust is a registered Charithble Incorporated Organisation ICIO Number CE016609) (Chariry Registration Number 1182173), registered on 21 Febwary 2019. It is govemed by a constitulion which establishes the objects and power5 of the charitable organisation. M&rtag¢meni and The Law Ecologict71 andGeneral TnLfl The charity is managed by the charity's tNsiees. all of whom serve on a voluntary basis. The trustee5 retiTe by rotation at each Annual Genernl Meeting. The Trustees have had due regard to ihe guidance on public benefit published by the Charity Commission irt exercising their powers and duties. The risks to which the charity is expos￿, ￿ identified by the mjsiees, have reviewed and systems have been established to Miliga￿ those risk5. FINANCIAL REVIEW Total income for the period was £9.(P)0 (2023.. £25.473 and total expenditur¢ for the perK)d was £IO.103 (2023 £22,466). At ihe 5 April 2024, the r¢sults showed a total deficit carried forward of £1.860 (2023.. £847). Reservespoliry The Laces Ecologi￿1 gnd Generdl Trust reserves policy 15 to retain a suificient level of reserves to enable the harity to maintain its operating aciivi(ies and continue providing its services taking acccwjnt of poieniial risks and contingencies thai may arise from lime to lime. Th¢ poli¢y is reviewed annually by the Irusiees and reserve$ are reviewed regularly throughout the period. THE LACES ECOLOGICAL AND GENERAL TRU TRUSTEES. ANNUAL REPORT (eoniinued) YEAR ENDED 5 APRIL 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ Trust¢¢$ are responsible for weparing the T￿￿tt's Annual Report and the financial ￿aleMentS in accordance applicable law and Uniled Kingdom Accouniing Siandards (Uniied Kingdom Generally Accepted Accounting Prdcticel. Charity law require5 the Irustees io prepare financial sthtemenis for each financial year which give a tru¢ and fair view of the siaie ofaffairs of Ihe chariiy and of(he incoming resources and applicaiion of resources, in¢luding th¢ income and expenditure. of the charily for thai p¢riod. In preparing ihes¢ financial s(ai¢m¢nts, th¢ trusiees are requir¢d to Select suitable accouniing policies and ihen apply ihem consi￿eni1Y. Observe the methods and principles in the Charities SORP. Make judgernents and estimates thai are reasonable and wudeni Siaie wheiher applicable UK Accouniing Sthndards have been followed. subjeci io any material departures disclosed and explained in ihe financial sthiements- and prepare ihe financial statements ￿ ih¢ going oon¢¢rn basis unless it is inappropriaie to presume that the CIO will ¢ontinue in operatLOtI. The irusiees are responsible for keeping proper accounting records thai disc105e with reasonable accuracy ar any time rhe financial posiiion of ihe chariry and enable rhem io ensure ihai ihe financial stsiemenis comply wilh ihe ChaTiiies Aci 2011.They are also responsible for safeguarding ihe assets of the charity and hence for tsking Teasonable sieps for ihe preveniion and deieciion of fraud and oiher irregularities. Registered 0￿1 l The Sanciuary Wesiminsier London SWIP3JT Signed by order of the trustees Mr Howard John Dellar Ig" o,Lk- IrLt THE LACES ECOLOGICAL AND GENERAL TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2024 Unrostrlclcd Funds 2024 Unre51ri¢ied Funds 2023 Notes INCOMING RESOURCES JIicoiftiiiiA* re.sfJiiree.ffrnni Reiieroieélfiiiiil.s t)onalions received 9.090 25,473 TOTAL INCOMING RESOURCES 9,090 25,473 RESOURCES EXPENDED Cosl ofseiieroiliik'fiiiids Adminisiration expenses (10,1031 {22,4661 TOTAL RESOURCES EXPENDED 110,103) 122.466) NET OUTGOING RESOURCES FOII THE PERIOD Funds broubthi forward 3,007 13,854) To¢al funds carried fonvard 11,860) 18471 All the above results are derived froiii coniinuing ac¢ivilies. There were no o¢her r¢co8nised gains or losses other than those sialcd above. The noies on pages 7 and 8 fom part of Ihe financial statemenl5 THE LACES ECOLOGICAL AND CENERAL TRUST BALANCE SHEET AS AT 5 APRIL 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 CURRENT ASSETS Cash a( bank and in hand 540 300 TOTAL CURRENT ASSETS 540 300 CURRENT LIABILITIES A¢¢￿al5 (2,400) (1.147) TOTAL CURRENT LIABILITIES (2,400) {1,147) NET LIABILITIES 11,860) (847) Reprueftied by.. UNRESTRICTED FUNDS (1,8601 (847) The financial siatements were approv¢d by ihe trustees and are sig?ned on their behalf by- Ll4 Mr Howard John Dellar Trustee ,Lk. I IZ4 Chariiable Incorporated Oryanisaiion Number.. CE016609 Charity Number.. 1182173 The notes on page 7 and 8 foTm part of the financial stalemenls THE LACES ECOLOGICAL AND GENERAL TRUST P40TESTO THE FINANCIALSTATEMENTS YEAR ENDED S APRIL2024 General iTrformation The Irusl 15 a Charitable Incorporated Organisation. registered in En8land and Wales. The address ofthe registered o￿lce is l The San¢tuary. Westrninstei. London SWI P 3JT. 2. Statement of tornpliance These financial siaiements have been prepared in compliance wilh Sectiort IA of FRS 102. The Financial Rewning Siandard applicable in ihe UK and the Republic of Ireland. A¢countlng policies Basi5 of preparatio The financial siatements have been prepared in accordance wilh Accouniing and Reponing by Charities.. Siatement of RecomTnended Pra¢lice applicable to chariiies preparing Iheir accounts in accordance with the Financial R¢porting Siandard applicable in the UK and Republic of Ireland (FRS 102). Chariiies SORP FRS 102 and the Chariiies Act 201 l. The chariiy meets the definition of a public benefii entity under FRS 102. Assets and liabilities are iniiially recognised ai historical c05t oriransaciion value unle55 otheTwise slaied in the relevant a¢¢ouniing policy or noie. DiKlosure exemptions The entity satisfies the Criteria ofbeing a qualifyingeniity as defined in FRS 102. No cash flow siaiement has been presenied for the company. Jydgement5 and key sources ofestimation uncertainty The prepardlion of the financial staiements requires management so make judgements, ￿tiMa[e5 and assumptions ihal affeci (he amounts rep)ned. These esiiinaie5 and judgemenls are coniinually reviewed and are based on experience and oiher facEOTS. Including expeciations of future evenis ihat are believed to be reasonable under the circumstances. Ch8rÉtable income All ¢hariiable income is accounted for in the statement of financial aciiviry when the charity is legally entitled to the income and the amouni can bt quantified with re&%onable accurncy. Expcnditurc All expeDditure is accounied for on an accruals basis and allocated io the appropriaie heading ITh th¢ accounis. All VAT has been included &s part of ihe cosl lo ivhich it relates. Tru5tee5' remunerntio Twstee's remuneration during lhe peric￿ amounted 10 £nil. {2023.. _ £ nil) 2024 2023 4. Chari¢able income Donaiion5 received 9.090 25.473 25.473 THE LACES ECOLOGICAL AND GENERAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 2024 2023 AdminisirAtlon expenses Accountan¢y Legal and professional fees 2.400 7,703 1,980 20,486 10,103 22.466 Tru$tees' advances credit5, and Ell¥rnlltees There w¢re no transaction5 Wlth trust¢¢s in the period ended 5 April 2024 (2023.. £nil). Toxatlon The Charity is exempt from tax as all its income is charitable and is applied for charitable purposes. Rel8l¢d party transactions There were no rela(ed party iransa¢tions during the period ended 3 April 2024 (2023.. £nil) apart from= Accountancy fees amounting to £2,400 (2023.. £1,980) were paid in the year io TC BSG Valentine Limited. Mr Bany Martin Maekenzie is a consultant of TC BSG Valentine Limited and a truste¢ of ihe charity. Legal and professional fees included £7,703 (2023-. £2,030} paid in the year ¢0 Lee Bolton Monier-William5 LLP. Mr Howard John Dellar is a partner in Lee Bolton Monier-williams LLP and also a trustee of th¢ ¢hariry.